Tagged: Federal Reserve

What to Watch in 2023 (Lance Turner Editor's Note)

What to Watch in 2023 (Lance Turner Editor's Note)

OpinionTransportationEditor's Note

Last year around this time, I identified a few business news items with implications for 2022. And with 2023 on the horizon, it’s time to do it again — and check on a couple of last year’s forecasts. read more >

Fed Unleashes Another Big Rate Hike but Hints at a Pullback

Fed Unleashes Another Big Rate Hike but Hints at a Pullback

Banking & Finance

The Fed's move boosted its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years. It was the central bank's sixth rate hike this year — a streak that has made mortgages and other consumer and business loans increasingly expensive and heightened the risk of a recession. read more >

US Unemployment Claims Inch Higher, but Remain Very Low

US Unemployment Claims Inch Higher, but Remain Very Low

Restaurants & Food

Fed officials have warned that the unemployment rate will likely have to rise as part of their fight against rising prices, and the most recent government jobs report likely snuffed out any hope that the Fed would pause rate increases when it meets in next week. read more >